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Cambric Opens New Engineering Production Centre In Yerevan, Armenia

CAMBRIC OPENS NEW ENGINEERING PRODUCTION CENTRE IN YEREVAN, ARMENIA

MarketWatch
Sept 15 2008

Facility Provides Increased Capacity to Allow for Continued Growth
of Cambric’s International Engineering Services Offering

SALT LAKE CITY, Sep 15, 2008 (BUSINESS WIRE) — Engineering services
provider Cambric Corporation announced today that it has opened another
international production facility, this time in Yerevan, Armenia. The
opening marks the company’s third full-scale Engineering, Design,
and Analysis Centre in Eastern Europe — two additional engineering
centres are located in the Romanian cities of BraAYov and Craiova. The
new facility is initially staffed with 30 full-time engineers. Cambric
forecasts that the location will exceed 100 engineers within twelve
months.

"We are extremely pleased with the engineering talent in Yerevan," said
Tim Hayes, President and CEO of Cambric. "This effort was undertaken
in order to acquire available skills and capability demanded by our
current and significant new clientele."

Cambric’s VP and COO, Florin Muntean, stated that, "The entrance
into Armenia is continued evidence of Cambric’s ability to adapt and
expand into uncharted territories. Indeed, one of our core skills as an
organization is the ability to identify uniquely qualified engineering
talent pools which can function in a streamlined and efficient way
across the globe. We have great confidence in our qualified new team
members, our excellent training programs, our robust processes, and in
the Cambric mode of doing business. We continue to evolve the level
of engineering services we provide and the ultimate value delivered
to our customers."

About Cambric Corporation Cambric provides global engineering services
to some of the world’s most prestigious motor vehicle, aerospace,
powertrain, and heavy-machinery manufacturing organizations. Since
its incorporation in 1989, Cambric has become a worldwide leader in
engineering. Cambric is a U.S. company with engineering centers and
customer-focused project managers around the globe.

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